Ins. Code, § 10235.30 · Article 4. Implementation
Ins. Code, § 10235.30
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) No insurer may deliver or issue for delivery a long-term care policy in this state unless the insurer offers at the time of application an option to purchase a shortened benefit period nonforfeiture benefit with the following features:
(1) Eligibility begins no later than after 10 years of premium payments.
(2) The lifetime maximum benefit is no less than the dollar equivalent of three months of care at the nursing facility per diem benefit contained in the policy or the amount of the premiums paid, whichever is greater.
(3) The same benefits covered in the policy and any riders at the time eligibility begins are payable for a qualifying claim.
(4) The lifetime maximum benefit may be reduced by the amount of any claims already paid.
(5) Cash back, extended term, and reduced paid-up forms of nonforfeiture benefits shall not be allowed.
(6) The lifetime maximum benefit amount increases proportionally with the number of years of premium payment.
(b) This section shall not apply to life insurance policies that accelerate benefits for long-term care.
Notes and commentary — not statutory text
History
Amended by Stats. 1999, Ch. 947, Sec. 11. Effective January 1, 2000.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10235.30.
- Text hash
- sha256 4c9f59406b36ce20dd002ff6ebe45af8fae5edbd0ad5f0500bc475c64573b51f
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
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Insurance Code
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